| (a) If the owner wants to waive the 5-day waiting period in §50(a)(5)(B) or the 3-day right of rescission in §50(a)(5)(C), the owner must sign a statement that, at a minimum: (1) describes how the conditions of the homestead property require immediate repair; (2) describes how the conditions of the homestead property materially affect the health and safety of the owner or the person residing in the homestead; and (3) states that the owner is waiving the 5-day waiting period under §50(a)(5)(B), the 3-day period to rescind the contract for work and materials under §50(a)(5)(C), or both; (b) Printed forms for this purpose are prohibited. |
